SeaCrest Wealth Management LLC Takes $31,000 Position in Sunrun Inc. (NASDAQ:RUN)

SeaCrest Wealth Management LLC purchased a new stake in Sunrun Inc. (NASDAQ:RUNGet Rating) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,344 shares of the energy company’s stock, valued at approximately $31,000.

A number of other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of Sunrun by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 40,612 shares of the energy company’s stock valued at $949,000 after purchasing an additional 416 shares during the period. Securian Asset Management Inc. increased its position in Sunrun by 3.1% during the second quarter. Securian Asset Management Inc. now owns 19,155 shares of the energy company’s stock worth $447,000 after acquiring an additional 581 shares during the period. Resources Management Corp CT ADV increased its position in Sunrun by 22.5% during the first quarter. Resources Management Corp CT ADV now owns 3,486 shares of the energy company’s stock worth $106,000 after acquiring an additional 640 shares during the period. CWM LLC increased its position in Sunrun by 92.0% during the second quarter. CWM LLC now owns 1,622 shares of the energy company’s stock worth $38,000 after acquiring an additional 777 shares during the period. Finally, Tranquility Partners LLC increased its position in Sunrun by 10.0% during the second quarter. Tranquility Partners LLC now owns 8,635 shares of the energy company’s stock worth $202,000 after acquiring an additional 782 shares during the period. Institutional investors own 90.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on RUN shares. Piper Sandler boosted their target price on shares of Sunrun from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Evercore ISI boosted their target price on shares of Sunrun from $64.00 to $67.00 in a research report on Thursday, August 4th. Morgan Stanley dropped their target price on shares of Sunrun from $79.00 to $72.00 and set an “overweight” rating on the stock in a research report on Thursday, November 3rd. Guggenheim dropped their target price on shares of Sunrun from $59.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, October 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Sunrun from $55.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, November 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.39.

Insider Buying and Selling

In related news, insider Lynn Michelle Jurich sold 75,000 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $37.63, for a total transaction of $2,822,250.00. Following the transaction, the insider now owns 1,458,116 shares in the company, valued at approximately $54,868,905.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Sunrun news, insider Lynn Michelle Jurich sold 75,000 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $37.63, for a total transaction of $2,822,250.00. Following the completion of the sale, the insider now directly owns 1,458,116 shares of the company’s stock, valued at approximately $54,868,905.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeanna Steele sold 835 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $37.35, for a total value of $31,187.25. Following the sale, the insider now directly owns 157,191 shares of the company’s stock, valued at $5,871,083.85. The disclosure for this sale can be found here. Insiders have sold a total of 243,327 shares of company stock worth $7,313,106 in the last 90 days. Corporate insiders own 4.29% of the company’s stock.

Sunrun Stock Up 1.6 %

Shares of NASDAQ:RUN opened at $30.96 on Wednesday. Sunrun Inc. has a 52 week low of $16.80 and a 52 week high of $52.95. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.19 and a current ratio of 1.74. The company’s fifty day moving average is $27.20 and its 200-day moving average is $27.50. The company has a market capitalization of $6.60 billion, a PE ratio of 106.76 and a beta of 2.10.

Sunrun (NASDAQ:RUNGet Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The energy company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.97. The business had revenue of $631.91 million for the quarter, compared to the consensus estimate of $542.20 million. Sunrun had a net margin of 3.35% and a return on equity of 1.23%. Equities research analysts predict that Sunrun Inc. will post 0.39 earnings per share for the current fiscal year.

Sunrun Profile

(Get Rating)

Sunrun, Inc engages in the design, development, installation, sale, ownership and maintenance of residential solar energy systems. It sells solar service offerings and installs solar energy systems for homeowners. Customers can access its products through three channels: direct-to-consumer, solar partnerships, and strategic partnerships.

See Also

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Institutional Ownership by Quarter for Sunrun (NASDAQ:RUN)

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